Mike Norman Economics

The title should contain "allegedly." The facts will likely be decided in court.QuartzHow Donald Trump got his Deutsche Bank loansNate DiCamillo & Scott Nover

Numbers.Zero Hedge'Black' Monday 2.0Tyler Durden

Relies on Michael Hudson's economic analysis.Moon of AlabamaThe U.S. Is Winning Its War On Europe's Industries And Peopleb

Everyone insisted that the Bank of England (BoE) needed to say something following the financial turmoil that began on Friday and continued over the weekend. The BoE has now spoken. Sounds pretty dovish to me....Actually, the Bank concludes with, "accordingly. The MPC will not hesitate to change interest rates by as much as needed to return inflation to the 2% target sustainably in the medium term, in line with in its remit." (emphasis added). This is not all that "dovish." The BoE is saying...

Cut taxes. Cry Broke. Defund the public sector....The LensThe Oldest Trick in the BookStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

The economic situation in Europa resulting from not thinking sanctions through failure to take the availability of real resources sufficiently into account, and lack of awareness of the national and global economies as subsystems in the world system. Since the world system is complex adaptive system, it's complicated. Now they are lost in a maze of their own construction.Thomas Fazi is the co-author with Bill Mitchell of Reclaiming the State: A Progressive Vision of Sovereignty for a...

GOP has goaded the Dems to sacrifice the current benefit to their political party in a defense of the Platonist theory of Monetarism…  "74% of Americans say that the economy is in a bad state right now — and not only that, you have independents thinking Republicans would do a better job handling the economy," says ABC's Rachel Scott."That all points to an extraordinary set of challenges for Democrats." pic.twitter.com/3fZnAti2sj— RNC Research (@RNCResearch) September 25, 2022

The public debate is conditioned by who gets a platform in the mainstream media. Even those publications that purport to be informed and appeal to a more reasoned type of reader are highly selective in who they give a voice to. I see this as a huge constraint in advancing alternative ideas that challenge the mainstream narrative and the vested interests that support it. The problem is that on economic matters these vested interests have not only captured what we might call the conservative...

This morning, I went (back) down the rabbit hole on the sterling crisis that supposedly drove the British government into the arms of the IMF in 1976. I’m not a historian of British economic history, but other MMT economists (and some non-economist MMT scholars) have written at length about the period. And I mean at length.…The LensCan “It” (1976) Happen Again?Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the...

This might be it:[embedded content]Stallone greatly underrated..